Exicom Tele-Systems Ltd

Exicom Tele-Systems Ltd

₹ 138 19.99%
21 May - close price
About

Incorporated in 1994, Exicom Tele-Systems Ltd manufactures EV chargers and Critical Power components[1]

Key Points

Business Overview:[1][2][3]
ETSL is in the business of manufacturing critical power components such as rectifiers, AC to DC converters, etc. and also offers energy storage solutions, along with production of EV chargers. It is a sustainable energy transition vertically integrated company with a service network of 200+ engineers across 26+ states (450+ Cities). Company operates on 2 business fronts:
a) Enabling electrification of transportation through the EV charging products
b) Facilitating energy stability of digital communication infrastructure with power conversion systems and energy storage solutions.

  • Market Cap 1,918 Cr.
  • Current Price 138
  • High / Low 209 / 75.6
  • Stock P/E 93.5
  • Book Value 67.0
  • Dividend Yield 0.00 %
  • ROCE 5.82 %
  • ROE 2.58 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 98.9 days to 71.2 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.91% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
185 153 155 261 298 243 149 148 213 151 228 234 282
165 142 132 226 252 215 143 154 201 142 213 218 252
Operating Profit 21 11 23 35 46 28 6 -7 12 9 15 16 30
OPM % 11% 7% 15% 13% 15% 12% 4% -4% 6% 6% 7% 7% 11%
11 7 7 2 4 7 13 13 12 3 7 4 6
Interest 7 5 5 6 4 3 8 14 12 13 11 9 11
Depreciation 4 4 4 5 5 5 5 6 5 6 7 7 9
Profit before tax 21 9 21 26 40 27 6 -13 7 -8 5 4 16
Tax % 5% 42% 20% 50% 22% 21% 23% -24% 31% 3% -24% 8% 26%
20 5 17 13 31 22 5 -10 5 -8 6 4 12
EPS in Rs 23.89 6.19 1.60 1.25 2.23 1.56 0.33 -0.70 0.33 -0.56 0.43 0.25 0.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
350 275 309 336 516 866 752 895
324 319 315 307 464 751 713 825
Operating Profit 26 -44 -6 29 52 115 40 70
OPM % 7% -16% -2% 9% 10% 13% 5% 8%
25 36 14 13 -7 18 46 20
Interest 9 11 16 18 17 19 38 44
Depreciation 8 16 16 15 16 18 21 29
Profit before tax 33 -35 -23 10 12 96 27 17
Tax % 55% 3% -54% 58% 34% 31% 22% 21%
15 -36 -11 4 8 66 21 14
EPS in Rs 17.84 -43.93 -12.84 4.88 9.45 4.78 1.51 0.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 20%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 35%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 7 7 7 121 121 139
Reserves 165 128 131 136 143 512 537 792
57 46 98 98 122 46 472 373
152 208 228 261 195 243 250 479
Total Liabilities 381 389 464 501 468 922 1,380 1,782
78 98 91 98 77 90 92 286
CWIP 1 1 12 11 5 22 79 0
Investments 10 7 0 7 7 4 250 549
293 282 361 386 379 806 959 947
Total Assets 381 389 464 501 468 922 1,380 1,782

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
22 34 -17 16 9 10 19 4
-26 -11 -28 14 9 -286 -438 -132
6 -25 46 -23 -16 317 385 115
Net Cash Flow 1 -1 2 7 2 41 -34 -13
Free Cash Flow -3 23 -34 -2 18 -34 -57 -141
CFO/OP 118% -79% 193% 70% 17% 13% 75% 11%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 103 131 157 125 91 81 129 138
Inventory Days 220 223 189 224 121 115 93 146
Days Payable 215 249 288 276 143 125 133 175
Cash Conversion Cycle 108 105 58 73 68 71 89 109
Working Capital Days 76 45 72 58 63 86 140 71
ROCE % -12% -4% 22% 21% 24% 7% 6%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
EV Chargers Sold (AC & DC)
Units

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Capacity Utilization - EV Chargers (Gurugram Facility I)
%
Capacity Utilization - Rectifier Modules (Solan Facility)
%
Market Share - Public EV Chargers (India)
%
Market Share - Residential EV Chargers (India)
%
Cumulative Li-ion Battery Deployment
Units
Installed Tower Sites (Cumulative)
000 Number
Order Book - Critical Power
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
69.57% 69.57% 69.57% 69.57% 69.57% 69.50% 66.47% 66.47% 66.47%
1.53% 1.00% 0.95% 0.74% 0.60% 0.48% 0.52% 0.06% 0.20%
10.19% 8.49% 6.48% 5.66% 3.79% 3.82% 3.88% 3.68% 3.46%
18.71% 20.93% 22.99% 24.04% 26.03% 26.18% 29.13% 29.78% 29.86%
No. of Shareholders 76,28791,5251,36,6411,56,4461,58,2311,52,8881,49,8631,42,9661,36,496

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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